Eletrobras reported a nearly 25% increase in fourth-quarter net profit to 1.11 billion reais ($191.4 million) and announced an additional 1.8 billion reais ($310 million) in dividends. Adjusted EBITDA fell by 6.4%, whereas net operational revenue rose by over 20% to 12 billion reais. Eletrobras remains Latin America’s largest utility.

Brazil’s leading electricity company, Eletrobras (ELET3), has reported a nearly 25% rise in its fourth-quarter net profit compared to the same period last year, amounting to 1.11 billion reais (approximately $191.4 million). Additionally, Eletrobras declared an increase of 1.8 billion reais (around $310 million) in dividends for its shareholders in a subsequent announcement.

As the largest utility in Latin America based on generating capacity, Eletrobras plays a significant role in the sector. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were reported at 5.1 billion reais for the final three months of the year, showing a decline of 6.4% year-over-year. Furthermore, net operational revenue for Eletrobras reached 12 billion reais during the quarter, demonstrating an increase of over 20% from the previous year.

Eletrobras has shown remarkable financial performance with a significant increase in net profit and the declaration of additional dividends. However, it is noteworthy that the company’s adjusted EBITDA declined slightly, indicating variability in its operational efficiency. Overall, Eletrobras maintains a robust position as the largest utility in Latin America.

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